"They probably need to ramp up the growth then right."
Not really. They have just cycled a very strong SQ2022 base, which was up 36% on its pcp.
So for the remaining 9-months of this financial year, they are cycling a relatively soft previous corresponding 9 months.
(That's the problem with quarterly numbers: they can be lumpy.
I mean, if you think about it, a quarter represents a mere 60-odd business days, so just small ebbs and flows in timing of work-in-progress and invoicing can make a quarter look either very strong, or very weak, relative the underlying business trend.)
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| LBL (ASX) Chart |